A lemmy.world XMR post more active than here, with unexpectedly (?) sympathetic comments (monero.town)

submitted 1 year ago by Saki@monero.town to c/monero@monero.town

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Monero Project admits thieves stole 6-figure sum from a wallet in mystery breach

https://lemmy.world/post/7993453 i.e. https://monero.town/post/1045387

While there are typical comments like crypto=scam “You have to be quite stupid to support crypto in 2023”, there are also replies like these (with which more people seem to agree, unexpectedly):

It’s designed to protect anyone using it - even attackers. That’s the price to pay for having privacy. The alternative is an Orwellian dystopia.

If you’re going to use Luna, FTX, and NFTs as arguments about something like Monero, […] you probably don’t really understand any of them.

It’s a bit odd that such a discussion is more active on a different Lemmy instance than here, but it’s interesting to hear honest opinions of various people about the incident, about Monero. Maybe your views are different from them, from mine. For example, one person states there that while they know exactly what Monaro is, they’re still skeptical.

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[-] rattie_ok@monero.town -1 points 1 year ago* (last edited 1 year ago)

“You have to be quite stupid to support crypto in 2023”

They ain't wrong. Usage of crypto has very much stagnated or declined last few years, and it's now just an Internet phenomenon drifting towards oblivion. Like gopher protocol or web rings.

Lucky ones made some life changing money. The rest have only managed to trap their capital into a dwindling returns game.

[-] dragonsidedd@sciencemastodon.com 2 points 1 year ago* (last edited 1 year ago)

@rattie_ok @Saki The goal is a "Peer-to-peer electronic cash system". If and to the degree that such is realized, this goal has society-changing ramifications. It is money that plays by Internet consensus rules, not by coercive governmental ones.

Realizing this goal requires many design choices.

When faced with its (rather obvious) scaling problem, BTC chose not to change its design but rather to rebrand as "store of value" instead of "electronic cash".

That was the death of honest crypto.

[-] Saki@monero.town 1 points 1 year ago

I don’t think BTC is all bad, nor XMR is all good, but I think you have a beautiful dream.

Someone once said something like: “A dream without a plan is just a dream.” Then I was like, “A dream with a plan is just a business plan. If you think your dream may well come true, your dream is not big enough.”

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this post was submitted on 09 Nov 2023

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